Calif. public retirees with $100K pensions growing
By Teri Sforza, Orange County Register
Back in 2005, 1,841 retirees pulled down more than $100,000 a year in pension checks from the California Public Employees’ Retirement System.
A decade later, membership in the so-called $100K Club had swelled by nearly 20,000 souls.
CalPERS data provided to the conservative-leaning group Transparent California, and analyzed by the Register, found that 21,652 public retirees received annual benefits of more than $100,000 in 2015.
That’s a jump of 28 percent in just two years – which might seem jarring at first blush, but actually represents a slowdown in the club’s explosive growth of late.